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Risk is a part of God's game, alike for men and nations.
The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.
Time is the friend of the wonderful company, the enemy of the mediocre.
Today people who hold cash equivalents feel comfortable. They shouldn't. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.
I don't look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.